Last week we had Amy from ASB Get Wise come to teach us about financial literacy. Amy said she would train the class to use and save money.
Firstly we learnt how to make a training plan to reach money goals. The goal had to follow the acronym CASH, which stands for,
C - clear - what we are saving for? what we want? price? (this involves research)
A - Action - How can we earn money, for example, chores or turn a chore into a business
S - Saving - how much will we save a week?
H - How long
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C - Researched and found boots that will cost $60
A -Turned her chores into a business. Putting out neighbours $50c a wheelie bin
S - Spend $2 a week
H- Will take her 20 weeks
We then discussed as a class what things we could do to reach our target earlier.
- more chores
- cheaper boots
- borrow the boots instead
We then split into teams and had to make a money goal for our stick character, we had to start with a small goal and practise earning money
We then played charades to act out act out how we would make the money.
Amy taught our class a lot about saving money and we had a lot of fun doing it.